News

New BBBEEE Codes decoded

Posted by Deon Colyn on

On the 1st of May the Department of Trade and Industry issued an unexpected ‘clarification notice’ regarding broad-based empowerment and employee shared ownership schemes.  According to these new clarifications, these schemes will no longer count towards individual share ownership on black economic empowerment scorecards. The effect of this new interpretation of the codes is the slashing of the BEE ratings of thousands of companies and removing the incentive for companies to involve employees in ownership beneficiary schemes.  What does this mean in practice? The notice substantially alters the ratings of companies that have placed a portion of ownership in the...

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Registering Your New Company Today

Posted by Deon Colyn on

The Companies Act provides for two categories of companies, the first one a non-profit and the second profit companies. Business entities under these categories have specific requirements in terms of the documentation that is required. Types of entities you can register   Non-profit companies: A company incorporated for public benefit or another object relating to one or more cultural or social activities, or communal or group interests. The income and property are not distributable to its incorporators, members, directors, officers or persons related to any of them.   Profit companies: Profit companies are categorised as companies without restrictions on the transferability...

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Your guide to Registering a New Company

Posted by Deon Colyn on

Two of the most important decisions to make before registering a company is choosing a relevant name and deciding what kind of company you would like to register.  Choosing the right name for your company is essential as this will be the first thing that attracts the attention of potential customers.  It is advisable to do a quick search to see if your chosen company name already exists.  Additionally, you will be able to submit four options of possible names to the registrar to ensure that you are registered under a name of your liking. The second important decision to...

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What our clients say...

Posted by Deon Colyn on

Here are a few comments from our clients: Thank you for you speedy responses I really appreciate it. Just wanted to let you know I think youare doing an amazing job, well done! - Blaine PillayDankie vir jul moeite, jul help ons baie – Theo Claasens Dankie baie julle is voorwaar oulik soos ek aanbeveel is – Hester SmitThank you for your speedy response - Shereen StiemmieAnd did I mention your service is tops. Thank you - Progress TseleElihana, ek waardeer sowaar julle terugvoering, iets wat mens maar min kry deesdae in die bedryf. Dankie! - Carmen HansenFantasties! Baie dankie...

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